150 History of Hinghcvm. 



to be called the Hingham Public Library, and has requested the persons, 

 parties of the second part, to act as Trustees thereof, and has by his deed 

 of even date herewith conveyed to them certain land situated in said Hing- 

 ham, with the building which he has caused to be erected thereon, and has 

 also transferred and paid over to them five six per cent first mortgage 

 bonds of the Union Pacific Railroad Company, of one thousand dollars 

 each, interest and principal payable in gold* ($5,000) to have and to hold 

 to them and their successors to and for the following uses and pur- 

 poses, viz. : — 



First. To collect the income of said personal estate and also of the 

 real estate if any part of the same is leased or occupied so as to produce 

 any income, and after paying the necessary expenses, to apply said income 

 as hereinafter provided. 



Second. To apply the income aforesaid to the repair and preservation 

 of the Library Building, to the enlargement and rebuilding of the same, if 

 deemed necessary by the Trustees, to the care of the grounds about the 

 same, to the payment of premiums of insurance on said Building, Library, 

 and Furniture therein, to the purchase of furniture for the same and repairs 

 thereof, to the purchase of such books, maps, charts, pamphlets, periodi- 

 cals, and other jmblications as the trustees may think proper for the 

 Library, and to any other expenditures which they may deem a proper 

 charge upon the fund. 



Third. The said Trustees shall have full power to make by-laws for 

 their own government, and also such Rules and Regulations for the use, 

 management, preservation, and increase of the Library as they may deem 

 suitable, and to change the same from time to time, also to appoint a Libra- 

 rian and such other officers and agents as they may think best. 



Fourth. Upon the death or resignation of any one of the Trustees, a 

 majority of the surviving Trustees shall elect some suitable 2">erson to fill 

 the vacancy, and the person so elected shall be a Trustee with all the 

 powers of trustees hereinbefore named. If, however, upon the death or 

 resignation of any Trustee, a majority of the surviving Trustees shall vote 

 that it is inexpedient to fill such vacancy, they may omit to do so, but 

 may at any time afterwards reconsider such vote and fill such vacancy ; 

 provided, however, that in no case shall the number of Trustees be less 

 than ten nor more than fifteen. 



Fifth. The said Trustees may, at any time they see fit, and if they 

 deem it expedient, apply to the legislature for an act of incorporation and 

 may transfer to said corporation the real and personal estate of which the 

 fund may then consist, including the Library and Furniture. The Trus- 

 tees shall be under no obligation to apply for such an act, and neither the 

 Trustees nor such corporation, if established, shall sell the said real estate, 

 nor purchase nor erect a building elsewhere, unless the same becomes ab- 

 solutely necessary in the judgment of and by a formal vote of not less than 

 three-fourths of the whole number of Trustees. 



Sixth. It shall be the duty of the Trustees to keep the funds committed 

 to them safely invested, and they shall have the power to change the in- 

 vestments thereof from time to time as they may deem expedient. 



Now, in consideration of the premises, the said persons, parties of the 

 second part, hereby siguify and declare their acceptance of the real and 



* On the delivery of the deed and indenture. Mr. Fearing paid to the Trustees Five 

 Thousand Dollars in cash, which was accepted in lieu of the Bonds before mentioned. 



